Accounts filed on 31-10-2015


RACHO INTERNATIONAL LIMITED

Company Registration Number:
05971537 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 November 2014

End date: 31 October 2015

RACHO INTERNATIONAL LIMITED

Abbreviated Balance sheet

As at 31 October 2015


Notes

2015
£

2014
£
Fixed assets
Tangible assets: 2 5,429 6,970
Total fixed assets: 5,429 6,970
Current assets
Debtors: 3 172 162
Cash at bank and in hand: 287 221
Total current assets: 459 383
Creditors: amounts falling due within one year: 4 ( 279,635 ) ( 272,942 )
Net current assets (liabilities): ( 279,176 ) ( 272,559 )
Total assets less current liabilities: ( 273,747 ) ( 265,589 )
Total net assets (liabilities): ( 273,747 ) ( 265,589 )

The notes form part of these financial statements

RACHO INTERNATIONAL LIMITED

Balance sheet continued

As at 31 October 2015


Notes

2015
£

2014
£
Capital and reserves
Called up share capital: 5 6,000 6,000
Profit and loss account: ( 279,747 ) ( 271,589 )
Shareholders funds: ( 273,747 ) ( 265,589 )

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 26 July 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: OLUKAYODE OLAJIDE
Status: Director

The notes form part of these financial statements

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention in accordance with the Financial Reporting Standard for smaller entities (effective April 2008)

    Turnover policy

    Turnover represents amounts receivable for storage rental and sales excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of all fixed assets over their expected useful life.
    The rates applied are:-
    Motor Vehicles - 25% on written down value.
    Computer Equipment - 25% on written down value.
    Fixtures, Fittings & Equipment - 20% on written down value.

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2015

  • 2. Tangible assets

    Total
    Cost £
    01 November 2014: 49,197
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 October 2015: 49,197
    Depreciation
    01 November 2014: 42,227
    Charge for year: 1,541
    On disposals: 0
    Other adjustments: 0
    31 October 2015: 43,768
    Net book value
    31 October 2015: 5,429
    31 October 2014: 6,970

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2015

  • 3. Debtors


    2015
    £

    2014
    £
    Trade debtors: 75 73
    Other debtors: 97 89
    Total: 172 162

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £

    2014
    £
    Bank loans and overdrafts: 46,245 43,628
    Amounts due under finance leases and hire purchase contracts: 13,035 11,959
    Other creditors: 220,355 217,355
    Total: 279,635 272,942

RACHO INTERNATIONAL LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 October 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 6,000 1.00 6,000
    Preference shares: 0
    Total share capital (£): 6,000
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 6,000 1.00 6,000
    Preference shares: 0
    Total share capital (£): 6,000